Photo 1 of 11
$250,000
Sold on 7/15/26
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 2 |
2.00 |
1,264 |
$470 |
1928 |
|
On the market:
54 days
|
View full details, photos, school info, and price history
Investor & Developer Goldmine in the Heart of Phoenix! The true value of this property lies in its exceptional land utility and premium location. Sitting on a 7,253 sq ft lot with R-4 Multi-Family zoning, this site is legally capable of hosting up to 4 units.
The current sellers have already met with the City of Phoenix and laid the groundwork for a premium concept plan: building two brand-new townhomes while converting the existing structure into a third, creating a high-yield 3-unit compound. Concept plans and preliminary designs are ready for review. The sellers are actively working on finalizing these entitlements; buy now at $269,000 in As-Is condition before the price increases once entitlements are fully secured.
Highly attractive for investors looking to deploy c capital gains, this property is situated within a Qualified Opportunity Zone (QOZ), with adjacent parcels along Portland Street sharing the same active status.
Alternatively, choose to rehab and flip the existing structure in this rapidly up-and-coming neighborhood. The current detached character home features 2 bedrooms, 2 bathrooms, and 1,264 sq ft of potential. Unparalleled urban convenience--just minutes from the Loop 202 and I-10 freeways, downtown dining, nightlife, and schools. Opportunity knocks loud here--bring your vision and capture the upside!
Listing courtesy of Mark St. Peter, Gentry Real Estate